Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Chapter VII RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Separate accounts requirement ensures segregation of beneficial owners' securities and transfers only on owner instruction. Regulation 59 requires participants to open separate accounts for each beneficial owner, segregate their securities from others and the participant's own holdings, register transfers only on receipt of instructions from the beneficial owner with subsequent confirmation as per depository bye laws, and ensure every beneficial owner account entry is supported by electronic or other agreed instructions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Separate accounts requirement ensures segregation of beneficial owners' securities and transfers only on owner instruction.
Regulation 59 requires participants to open separate accounts for each beneficial owner, segregate their securities from others and the participant's own holdings, register transfers only on receipt of instructions from the beneficial owner with subsequent confirmation as per depository bye laws, and ensure every beneficial owner account entry is supported by electronic or other agreed instructions.
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